Bankruptcy

Due to the challenging market situation relating to raw veneers, the JAF Group has decided to provisionally discontinue its production of raw veneers at the Group’s J.F.Furnir plant in the Romanian city of Braşov with effect from October.

Verso will indefinitely idle paper mills in Duluth, Minnesota, and Wisconsin Rapids, Wisconsin, while exploring viable and sustainable alternatives for both mills, including restarting if market conditions improve, marketing for sale or closing permanently.

UPM Plywood is planning to permanently close its Jyväskylä plywood mill in Finland, which is producing spruce and birch plywood. The company starts a consultation process concerning the entire personnel working at the mill. UPM Jyväskylä plywood mill employs 167 people.

Bid Group permanently closes its Canal Flats manufacturing facility in British Columbia, Canada. Market conditions continue to deteriorate as a result of the COVID-19 pandemic with many of its customers announcing both production curtailments and significantly reduced capital spending for this year and 2021.

The Board of Directors of Bergs Timber has decided to immediately initiate discussion with the unions to close Gransjö sawmill in Sweden. The sawmilling business will cease as soon as possible and the remaining business during the autumn 2020. The closure will affect about 45 employees.